Saturday , February 8 2025

ARTICLES 2008-2015

Rising bank prime lending rates

By Enock Twinoburyo High interest rates indicative of Uganda’s unsustainable economic fundamental weaknesses I recently received a notification from my bank increasing the prime lending rate from 23.5% to 26.5% applicable to both the existing and new borrowers.  This also implies that majority of the borrowers, who are not the …

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